The Belen Communal Bank is in their third cycle. It is comprised of responsible and hard-working people. This bank is represented by the following members. The president is:

Claudia is the leader of the group. She has two small children. Her business is selling food on S. Avenue. She is a responsible and dynamic person. She will use the money from the group to buy supplies.

The treasurer is Maria del Carmen. She is married, and her business is making handicrafts for the national holidays. She is one of the oldest members, and she has demonstrated responsibility and punctuality in her payments. The money from the loan is to buy tools to make her products.

Eliana is the secretary. She is single, and her business is a neighborhood store in her house. She is a very active young person. The money from the loan is to buy soft drinks in order to be able to stock her store.

It is a group that is very responsible with their payments. They live in the same neighborhood, and they know each other well. The members are strict about their collections, and they are very united. They are very grateful to Emprender and Kiva for the confidence given in granting the loan.

Additional Information

About Emprender

Emprender has been working in Bolivia since 1999. It is dedicated to becoming a key tool in the development of its clients and the improvement of their quality of life. Operating in three of Bolivia’s major cities – La Paz, Cochabamba, and Santa Cruz – Emprender offers both urban and rural clients the opportunity to obtain financial products tailored to fit their needs and businesses. These products include housing loans, salary loans, “opportunity” (short-term) loans, and higher education loans. To better the quality of life for its clients and non-clients through non-financial services, Emprender offers free medical consultations and health classes given by trained doctors.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.